CACI reveals repurchase program
CACI announces it will buy back $175 million in stock.
CACI International Inc.’s board of directors has authorized up to $175 million to repurchase common shares, the company said in a statement on May 2.
Factors such as price, corporate and regulatory requirements and other market conditions will determine the timing and actual number of shares repurchased, the statement said.
Arlington, Va.-based CACI provides IT solutions to the federal government in the areas of defense, intelligence, homeland security and IT modernization.